Time Magazine Jumps the Shark
BTW, this means that G.W. Bush has had this distinction bestowed upon himself four times now: In 2000, in 2004, in 1966 for being part of "The Generation 25 and Under," and now for being himself.
A better choice, if they were going with this theme of de-centralization, would have been "nobody," or maybe anthropomorphized ones and zeroes. Why did they have to Dr.-Philicize their selection in this manner? (I guess the cover is supposed to reflect your face when you look at it. Reminds me of when they used to have these guys at the carnival who would take your picture and then you'd come back in an hour and they'd have you as TMMotY or some similar honor from Sports Illustrated, Playboy, Fortune, or whatever.)
I still think that if they were able to select Hitler, Stalin, and the Assaholla Khomeini in years past, that they should have had the balls to pick Osama for the 2001 version.
Cover gallery here, Wikipedia here.